Term Deposit - Foreign Currency

Features & Benefits

Flexibility to transact in any of the 4 major foreign currencies: USD, GBP, AUD and EUR.

Enjoy peace of mind, knowing you are investing in a Shariah compliant (interest free) fixed term Investments

The profits are paid on maturity and may be reinvested with the deposit amount.

Shariah Concept

Wakalah

The Depositor ("Muwakkil") enters into a Wakalah Agreement with the Bank ("Wakil") and deposits a certain amount of money to the Bank to be utilized and invested in profitable Shariah-compliant transactions. The Depositor will be offered the expected profit rate from the Investments and the Bank will earn a Wakalah fee for the service rendered. Any amount that the Bank earns in excess of the Depositor's expected profit (after deducting the Wakalah fee) will be retained by the Bank as incentive. Learn more »

Eligibility

Individuals aged 18 years and above

Residing in Brunei Darussalam

Required Documents

An original copy of identity card (both front and back) or passport

Fees and Requirements

For transactions up to BND100,000 , the admin fee is 0.1% of the transacted amount, with a minimum fee of FCY10 .
For transactions exceeding BND100,000 , the admin fee is 0.03125% of the transacted amount, with a minimum fee of FCY100 .